1068 Stoney Creek Dr, Lakeland, FL 33811
3 beds · 2 baths · 1,696 sqft
Immaculate 3-Bedroom, 2-Bath Pool Home in South Lakeland’s Premier Gated Community. Discover the ease of maintenance-free living in this beautifully updated 3-bedroom, 2-bath pool home in South Lakeland. With an open floor plan and countless upgrades throughout, this home offers both elegance and comfort. Interior Features include an open and spacious Layout that is ideal for both relaxation and entertaining, with an airy, light-filled design; Tray Ceilings and Wood Cabinets, these high-end finishes add a touch of sophistication to the living spaces; Durable and stylish Pergo flooring that enhances the home’s warmth and charm; The custom-tiled garage flooring is a unique upgrade that adds to the home’s overall appeal; and the inside laundry room adds a convenient and practical feature for everyday use. Once you step outside, you'll find your own private pool oasis, perfect for relaxing or hosting guests. The spacious backyard provides a peaceful retreat with plenty of room for enjoyment. This highly desirable, gated community offers a low-maintenance lifestyle with fantastic amenities, including a community pool and clubhouse for socializing and leisure; Lawn care services, exterior painting every 7 years, and roof replacement every 20 years — all included for a low monthly fee. This home is an absolute gem. Schedule your private tour today and experience everything this exceptional property has to give!
Source: STELLAR #P4933398
Financials
Source: STELLAR #P4933398
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.